Exhibit 21

Following is a list of the Company's subsidiaries, each of which, unless otherwise indicated, is wholly owned by the Company either directly or through another subsidiary. Second-tier subsidiaries are listed under the name of the parent subsidiary.

Name	Place of Incorporation
•  Generex Pharmaceuticals, Inc.	Ontario, Canada
o  1097346 Ontario, Inc.	Ontario, Canada
•  NuGenerex Immuno-Oncology, Inc.	Delaware
•  Nugenerex Diagnostics, Inc.	Florida
o  Rapid Medical Diagnostics Corporation	Florida
•  GNBTELC, LLC	Delaware
•  Olaregen Therapeutix, Inc.	Delaware
•  Regentys Corporation (56.3%)	Florida
•  Nugenerex Management Services, Inc.	Delaware
o  Nugenerex Distribution Solutions 2, LLC	Delaware
§  DMEiq, LLC (d/b/a DME-IQ)	Delaware
§  Nugenerex Class B Rollup, LLC	Delaware
§  Rapport Services, LLC ( 1% )	Delaware
§  NMSIELC, LLC	Texas
§  High Desert Diagnostic Laboratory, Inc.	Arizona
•  NuGenerex Distribution Solutions, LLC	Delaware
o  Pantheon F & A, LLC	Delaware
o  Nugenerex Surgical Holdings, LLC	Delaware
o  Empire State Pharmacy Holdings, LLC	Pennsylvania
§  Empire State Pharmacy, LLC	New York
•  NuGenerex Health, LLC	Arizona
o  NuGenerex HMO, LLC	Arizona
o  NuGenerex MSO,LLC	Arizona
o  Clinic AZ1, Ophthalmology, LLC	Arizona
o  Clinic AZ1, Podiatry, LLC	Arizona
o  Clinic AZ2, Ophthalmology, LLC	Arizona
o  Clinic AZ2, Podiatry , LLC	Arizona